Massive Price Drop

Was $820k now $520k

Under Capital Valuation

Family Calls

The new owner has the opportunity to live on site in the recently constructed 2 bedroom home, or after a successful rezoning application the potential exists here to subdivide the land and build additional homes here. The sewage and electricity supply has been put in with sufficient capacity to cope with up to at least 6 homes. While the current Rural Production Zoning does not allow for subdividing, rezoning in the future is a definite possibility as the property is bordered by residential land which has been subdivided, and built on in the recent past, with extensive uptake and few vacant sites remaining.

This is certainly a golf enthusiasts dream come true. With your own 9 Hole short course in your front yard, there are opportunities here to grow the operation in a number of ways. The current owner was considering constructing a bowling green on the rear half of the section, and this remains a possibility. They currently have regular weekly meetings with a growing membership, and there is plenty of scope to grow the operation with additional marketing.

The Tourist Market is the main target with thousands of visitors flocking into the area in the summer months. 

Whether you view this as a development opportunity, or a great way to sit back and relax while enjoying some income from your passion, this is a unique opportunity.

There is a potential tax advantage here to the purchaser, as the GST has not yet been claimed on the land and house. Following professional advice, the potential exists to purchase the property and reclaim the GST on the purchase price.

The owner has invested considerable capital into the infrastructural assets and council contribution levies, and this does in part represent real value over unimproved land.

The property has an access way from Virtue Crescent and also benefits from a pedestrian access way from Virtue Crescent as well. It also has an unformed Right of Way that can provide access to Inland Road.

The site is 2.9202 Hectares in total, roughly divided in to two halves.  

The front of the section contains:

• The main Kiosk and office facility
• The 9 Hole Pitch N Putt Course
• The Ablutions Block (two separate Toilet facilities, including wheelchair access)
• The Utilities Shed
• Consented Bore Water Supply

The Rear of the section contains: 

Dwelling

• 91 m2 recent construction in Hardiplank weather board with Colour steel roofing
• 2 bedroom
• 2 bathroom
• 53 m2 wrap around decks
• Tinted Windows
• Large 64m2 Carport/Boatport
• Approximately 50% of the section ready for alternative use

Included in the infrastructure is a Bore Water supply with consent to take  enough to cope with the requirements of the course (100m3 per day, 500m3 per week). There is a 28 head sprinkler system in place to water the greens.

As previously mentioned there is a reticulated sewer system and power supply to cope with demand from up to 6 dwellings, plus sufficient access and parking. There are some minor works remaining to be done on some of the buildings (floor coverings) that the owner will complete prior to sale.

 NOT YOUR AVERAGE JOE!   

It’s not your Average Joe who builds his own golf course, and it will not be your Average Joe who buys one. We are looking for someone with vision and passion. Someone who loves Golf, and given the fantastic opportunities in the area, a love of fishing wouldn’t go astray either.

Perhaps someone who can put the ample space at the rear of the section to profitable use as well. It could be used for anything from growing trees to sowing peas,or a bowling club, paint ball course, RV Park, archery club.

 There is heaps of opportunity to tap further into the Tourism Venture market, and extract more pleasure dollars from the foot traffic onto the property. 

This provides a unique and unusual lifestyle opportunity, and ideally suits someone who wants to live in this beautiful area and enjoy the associated lifestyle.

 BUYERS

Contact Bob Mason Business Broker NZ on 0221 839 430 or email bob@tourismproperties.com

We welcome your inspection of TOKERAU BEACH PITCH N PUTT, KARIKARI PENINSULA, NORTHLAND.

FINANCIALS 

Financial and supporting information can be accessed from the download links. Please Note that files containing business sensitive information are password protected and are available to serious enquirers who have completed the online access registration process, linked on this page, or here http://www.tourismproperties.co.nz/members/_signup

Karikari Peninsula is a rocky land mass, originally an island, which is joined to the Aupouri Peninsula in Northland, New Zealand by a low sandy strip about 13 km long. Rangaunu Bay is to the west and Doubtless Bay is to the southeast. The Moturoa Islands are to the northwest. Rangaunu Harbour and Tokerau Beach are on the west and east sides of the strip.

In Māori mythology, the waka Waipapa, captained by Kaiwhetu and Wairere, made its first landing in New Zealand at Karikari.Grapes are grown on the northern side of Karikari.

The largest settlement is Whatuwhiwhi, on the south side of the peninsula. Matai Bay on the northeast coast and Rangiputa on the west coast are popular tourist destinations.